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Tag
debt collection
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Money lent to friends is often impossible to reclaim
Friends or acquaintances rarely repay the money they borrowed, especially if it is below VND5 million (US$204).
Debt evasion headache for financial firms
Rising bad debt from “disappearing” borrowers and the shutting down of unauthorized debt collecting agencies are damaging the reputation of legal financial companies and threatening to hurt their performance.
HCMC proposes to outlaw debt collection business
Debt collection should be banned because these businesses are fomenting public disorder and liaising with criminal outfits, HCMC authorities say.
September 4, 2019 | 04:57 am PT
Vietnam tightens grip on debt-collecting business
Debt collectors will no longer be allowed to dress like gangsters at work.
October 14, 2016 | 01:36 am PT